Getting a Mortgage in 2017? Here’s What You Should Know
Trying to find accurate news and information these days seems like a wild goose chase. You never know who to believe anymore and if you hear something you have to check the source and then crosscheck it with other reputable sources. It really becomes a frustrating...How to Buy a House After a Foreclosure or Short Sale
I have a lot of people ask me similar questions about buying a house after a foreclosure or short sale. However, it’s important to note that just because the waiting period is over doesn’t necessarily mean you will automatically be approved. Credit scores,...How Renters Can Come Up With a Down Payment
Oh, that darn down payment. The reason a lot of people simply cannot buy a house. That down payment is a huge amount to save up for a put down on a house and unfortunately is one of the main reasons many people do not move from renting to buy. Embedded from MGIC...Mortgage Insurance Reductions – More People Can Afford a Home
It’s a great time to refinance, and I’m not just saying that. The proof is in the pudding. Refinances rose 7% in January according to the Mortgage Bankers Association. Mortgage applications increased by 29% the first couple of weeks in January. This is...How Long Does it Take to Increase My Credit Score?
This is a common question. And it all depends on where you’re starting from. If you’ve faced a foreclosure, short sale or bankruptcy in the past 12 months, your credit score probably needs some serious repair, and this can be done, but it will take some...How Do I Qualify for a First Time Buyer Mortgage?
Qualifying for your first mortgage shouldn’t be as intimidating as it sounds. Yes, you’ll be applying for probably the biggest loan you’ve ever applied for but it’s also a great way to start saving money for yourself in the form of real estate....Is Financing Different for a Tiny House?
Tiny houses are all the craze right now. You see shows about it, and many people are downsizing in order to spend their money where they really want instead of in a mortgage. But many people still need financing. While there are many ways to get financing, from...Loan Limits Increasing Starting January 1, 2017
Great news for home buyers in the new year! The Government Sponsored Enterprise or GSE, which is also commonly referred to as Fannie Mae and Freddie Mac, publicly traded companies helping banks and lenders by purchasing conforming loans, have announced an increase to...Should You Pay Off Your Mortgage As Quickly as Possible?
This has been an interesting topic as of late. I’ve seen articles and questions roaming around asking, ‘if you’re wealthy, shouldn’t you just pay off your mortgage?’ and such… but is it always a good idea to pay off your mortgage as...
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Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.